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2 years ago

4. Which of the following financial statements is the main tool for figuring out how much

Business

2 answers:

kolezko [41]2 years ago

6 0

A , cash flow statement !

Alinara [238K]2 years ago

5 0

A cash flow statement

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You just invested $1000 in an account that returns 5% per year. After 50 years, when you are old and gray, what will be the valu

nikitadnepr [17]

Jahsjsjshsnsjdjjshsnananaa

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2 years ago

Read 2 more answers

Sanchez Company's output for the current period was assigned a $419,000 standard direct labor cost. The direct labor variances i

skad [1K]

Answer:

the actual total direct labor cost for the current period is $425,285

Explanation:

Reconciling Standard Cost to Actual Cost

Standard Cost $419,000

Add Unfavorable direct labor rate variance $10,475

Less Favorable direct labor efficiency variance ($4,190)

Actual Cost $425,285

3 0

3 years ago

Fowler Company is a priceminustaker and uses target pricing. Refer to the following information: Production volume 602 comma 00

frosja888 [35]

Answer:

The target fixed cost per year for Fowler company is $5,463,000

Explanation:

In this question, we are asked to calculate the target fixed cost for a company assuming that variable costs cannot be reduced and also all units produced are sold.

We start by calculating the revenue generated by the company.

602,000 units were produced and sold at a market price of $30. This means total revenue is;

602,000 * 30 = $18,060,000

We then proceed to subtract the desired operating income from the revenue. From the question, we can identify that the desired operating income is 17% of total asset, with total asset being $13,900,000

Desired operating income = 17/100 * $13,900,000 = $2,363,000

Subtracting desired operating income from recent yields: $18,060,000 - $2,363,000 = $15,697,000

To get the target fixed cost per year, we simply subtract variable cost from the difference.

Summarily, this mathematically means that; target fixed cost per year = Revenue - Desired operating income - variable cost

Variable cost = $17 per 602,000 units per year = 17 * 602,000 = $10,234,000

Target fixed cost per year = $15,697,000 - $10,234,000 = $5,463,000

8 0

3 years ago

Read 2 more answers

Suppose that Sheldon and Leonard can either run errands or wash dishes. The time it takes each of them to accomplish one of thes

MrMuchimi

Answer: Sheldon focuses or specialize on running errands and Leonard in washing dishes;

they trade at 1 errand run per 20 dishes washed

Explanation:

Sheldon focuses or specialize on running errands and Leonard in washing dishes; thus this the individual specialization

they trade at 1 errand run per 20 dishes washed this is the terms of trade they both can agree on.

6 0

2 years ago

On January 1, Year 1, Marino Moving Company paid $48,000 cash to purchase a truck. The truck was expected to have a four useful

Ymorist [56]

Answer:

$10,000

Explanation:

Depreciation is charged to every asset based on the life and usage of such asset.

Straight line depreciation method charges equivalent depreciation each year of the useful life of the asset.

Here, as provided straight line depreciation = $\frac{Cost\ of\ asset\ - Salvage\ value}{Life\ of\ asset}$

Here, cost of asset = $48,000

Salvage value = $8,000

Thus, numerator in fraction = $48,000 - $8,000 = $40,000

Useful life of the asset = 4 years

Therefore, depreciation expense for each year = $\frac{40,000}{4\ years} = 10,000$

It will be same for each year, therefore, depreciation expense for year 2 = $10,000

3 0

3 years ago